Topic Videos
Price and Non-Price Competition in Oligopoly
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 14 Mar 2021
In this revision video we review the economics of price and non-price competition in an oligopoly.
Timestamps
0:00 Introduction - What is an Oligopoly? Examples: UK coffee shops, snack foods, car insurance
2:18 Key characteristics of an oligopoly market structure
4:15 Strategic interdependence in oligopoly
5:09 Main aspects of non-collusive competition in oligopoly
6:19 Causes of price wars in oligopoly
11:00 Applying game theory to price wars and price collusion within an oligopoly
14:05 Kinked demand curve and price competition in oligopoly
17:58 Will price-cutting benefits in an oligopoly?
You might also like
Classroom Activity: The Oligopoly Game
2nd October 2012
Game show game theory
26th April 2012
Super-cooperators and Game Theory
19th May 2011
Game Theory and the 2008 UEFA Champions League Final
28th August 2015
Law and Morality in Economic Life
26th November 2009
UK Taxi Wars are Hotting Up
24th October 2014
What is Market Concentration?
Study Notes
Monopolistic Competition
Study Notes